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Teo Chee Hean to succeed Lim Boon Heng as Temasek chairman

  • Lim Boon Heng will step down as Temasek chairman in October 2025, after leading the organization since 2013.
  • Teo Chee Hean has been appointed as the new chairman and will join Temasek's board as deputy chairman on July 1, 2025.
  • During Lim's tenure, Temasek's net portfolio value increased from $223 billion in March 2014 to $389 billion in March 2024.
  • Temasek was ranked first in the Global Sovereign Wealth Fund's governance, sustainability, and resilience scoreboard in 2023 and 2024 under Lim's leadership.
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Channel News Asia broke the news in Singapore on Friday, June 6, 2025.
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